ADVERTISEMENT
BofA Securities Expects Nifty 50 To Drop 10% In Near Term
BofA Securities' target for Nifty 50 is 15,000 for the year-end, about 10% downside from the current level.
30 Aug 2021, 01:26 PM IST
BofA Securities expects the Nifty 50 index to drop 10% from the current levels amid rising macro risks, surging commodity costs, strengthening U.S. yields and dollar, consensus EPS cuts and a faltering IPO rally.“Once the market rallies over 75 weeks, generally the momentum weakens. We are in the 74th week and average returns are about 106%, we are already at 120% returns,” Amish Shah, India head of research at BofA Securities, told ...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT